DUBLIN, IRELAND, June 27, 2019 – Rubicon Capital Advisors (“Rubicon”) announced today the successful sale of a minority equity interest in Sociedade Concesionaria Novo Hospital de Vigo, S.A. (the “Company”) along with its associated hard and soft facility management operating company, Operadora Novo Hospital de Vigo, S.A., to River Rock European Capital Partners LLP (“RiverRock”), through its RiverRock Brownfield Infrastructure Fund 1. Rubicon acted as exclusive financial advisor to the seller, Concessia Cartera y Gestión de Infraestructuras, S.A. (“Concessia”).
The Company is responsible for the design, build and financing of the Alvaro Cunqueiro hospital together with the operation of the Alvaro Cunqueiro, Nicolas Peña and Meixoeiro hospitals located in the City of Vigo, Spain, under a long-term concession contract with the Regional Government of Galicia. The hospitals cater to over 600,000 people in the region, with Alvaro Cunqueiro being one of the largest and most technologically advanced hospitals in Europe, having been awarded the Future Health Project Award from the International Academy for Design and Health back in 2012.
“We’re delighted to build on our strong relationship with Concessia in closing this transaction,” stated Rubicon Managing Director & Partner Carmen Lopez. “Creating an expanded role for public-private partnerships and connecting institutional investors with assets in the region has been a key priority for us.”
This transaction adds to Rubicon’s successful Spanish track record, for which it was ranked #1 Advisor in Spain for number of deals closed by MergerMarket for the 3-year period between 2016-2018.
About Rubicon Capital Advisors
Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy & utilities sectors. With offices in Europe, the Americas and Asia, along with further expansion plans in 2019, the firm has a truly global reach. Since inception in 2011, Rubicon has closed on the sale, acquisition or refinancing of over 100 essential infrastructure, energy & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value in excess of USD $50 billion. The firm is regulated by the Central Bank of Ireland and its U.S. affiliate is a member of FINRA and SIPC and registered as a broker-dealer with the SEC. Learn more about the firm at: www.rubiconcapitaladvisors.com and by following Rubicon Capital Advisors on LinkedIn.
Concessia, an investment company mainly owned by an important group of Spanish financial organizations, is an alternative route in terms of concessions parties’ strategy, enabling its parties and shareholders to improve their profitability at a lower risk compared to the current model of direct investment. Concessia is currently managed by A3I, a company specialized in the management and comprehensive technical advice of Public-Private Partnership (PPP) projects. Additional information can be found at http://www.concessia.com and www.a3i-infra.com.
RiverRock European Capital Partners LLP is an alternative asset management firm which invests in private markets and real assets. It is headquartered in London and with offices in Paris, Milan, Madrid, Geneva and Luxembourg.
RiverRock invests in infrastructure through the RiverRock Brownfield Infrastructure Fund 1 (“RBIF1”), a closed-end fund which is domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (“CSSF”). RBIF1 invests in core European Infrastructure equity. The fund focuses on operating Public Private Partnership (“PPP”) assets, primarily those with availability-based revenues. The geographic focus is Euro-denominated Western Europe.
RiverRock is authorised and regulated by the Financial Conduct Authority in the UK as an Alternative Investment Fund Manager (“AIFM”). RiverRock’s funds in Luxembourg are authorised and regulated by the CSSF.
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